Shares of DHFL were delisted from exchanges due to insolvency about 1 year ago. But could not sell & are still lying in my demat account. As these shares held cannot be traded & redundant, how to show loss on filing ITR
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How to show loss in delisted shares held in demat account
Replies (11)
Quick Summary
Declare notional sale consideration and against actual cost .
Date of sale will be date of delisting.
Value of Sale is zero or you may declare notional value Rs.1/- per share and declare the loss under capital gains
Date of sale will be date of delisting.
Value of Sale is zero or you may declare notional value Rs.1/- per share and declare the loss under capital gains
You do not need to show insolvency . Better book your loss and disclose in financial statements in case it is a concern . In case it is an individual it's absolutely fine.
Sir, Average buying price was Rs 18000 for 100 shares. And last traded price when share got delisted was Rs 16.70 per share (or now Zero value as can't be traded)
How to show loss... Will it be full Rs 18,000....
Sir, Average buying price was Rs 18000 for 100 shares. And last traded price when share got delisted was Rs 16.70 per share (or now Zero value as can't be traded)
How to show loss... Will it be full Rs 18,000....
Show 0.10/1/- per share as sale price since zero value may not be permitted
Zero value is acceptable, show zero value and declare full amount as loss.
CMP can't be zero . Check once
I already quote.
Have you filed ITR with zero sale consideration u/s 111A and 112A ?
Yes I did it.
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